This New Player Wants to Take on PlayStation and Xbox
Valve Corp., the world’s biggest maker of downloadable PC video games, is reportedly working on its own console that would challenge new the devices from Microsoft (NASDAQ:MSFT) and Sony (NYSE:SNE) being released in time for the holiday shopping season, according to a Bloomberg report.
According to research from IHS cited by Bloomberg, Valve’s games account for 75 percent of the global PC gaming market through the company’s Steam online store. The company is banking on its 50 million customers and its popular Half-Life titles to help it gain a share in the shrinking video game market, which has been challenged by the rising popularity of cheap mobile games.
According to an announcement on the Steam website, Valve’s consoles running on SteamOS will become available at the beginning of 2014. “We’re conducting a beta of the overall Steam living-room experience, so we needed to build prototype hardware on which to run tests. At Valve, we always rely on real-world testing as part of our design process. The specific machine we’re testing is designed for users who want the most control possible over their hardware. Other boxes will optimize for size, price, quietness, or other factors,” the announcement calling for interested users to test the beta version of the system said.